Sales
As per a report by Goldman Sachs, during the fourth quarter of 2013, the volume of residential units sold in Gurgaon and Mumbai has come down by 77 per cent and 45 per cent, respectively. However, by value sales in Bangalore went up six per cent year-on-year, while those in Gurgaon and Mumbai went down [...] Continue Reading »
A fall of 41 per cent of Net Profit in the quarter ended December 2013,has been registered of top 25 real estate companies, in comparison to peak period of quarter ended March 2012.As per the report by global realty consultancy Knight Frank the net profit margin have fallen from 13.6 per cent to 9.7 per [...] Continue Reading »
Real estate market analysts say that the recent June-ending quarter left the realtors frustrated and disappointed as there was lower profit on the back of tighter margins, higher input costs and huge project inventory. According to analysts, Bangalore developers likely stood out with robust sales and several project launches, while Mumbai developers saw a recovery [...] Continue Reading »
Mumbai has witnessed new launches of around 3,600 units in the recent April-June quarter which is more than twice the number of 1,700 housing units launched in January-March, said Abhishek Kiran Gupta and Gagan Agrawal of Bank of America Merrill Lynch. The Mumbai real estate is lagging behind for past one year owing to which [...] Continue Reading »
Realtors are reducing their staff as debts loading and sales decline while there is no remarkable improvement observed on fresh projects for the past one year. The heat is mainly on the marketing and sales teams of several real estate firms and their situation is pathetic. Since the number of new projects has reduced due [...] Continue Reading »
The revenues of 25 listed realty companies in Bangalore have witnessed a downfall due to less number of sales. There was 9.3 per cent fall in revenue in the last quarter of 2011. According to a report by Knight Frank India, a real estate consultancy, buyers showed less interest in buying properties as the interest [...] Continue Reading »
Bangalore realty sector performs better when compared to any other cities of India and the main factors being price stability, wide property range and active workforce. The city has crossed all other cities of India in terms of sales in the year, 2011. Bangalore ranks tenth this year in the list of top global investment [...] Continue Reading »
Sobha Developers, a Bangalore based real estate developer is eyeing on more revenue in 2011-12. As per report, they are expecting a revenue of Rs 1,500 crore from their sales in the fiscal year 2011-12. The company has already sold 818,935 square feet in the fourth quarter of October- December 2011 at Rs 5,475 per [...] Continue Reading »
Mumbai saw a dip in residential projects being launched this year due the long lasting effect of the slump in realty market. As per a report by property consultants Knight Frank, as planned out of 54,968 units, only 19,470 residential units were launched in Mumbai in 2011. The upside down projection in realty market is [...] Continue Reading »
Samira Habitats, a real estate developer based in Alibaug have to let go of an equity fund called IndiaReit owned by Ajay Piramal. The main reason for this exit is that the investment tenure of IndiaReit is over and has to be renewed again. The equity fund based company can only make an exit if [...] Continue Reading »
